Tag Archives: Australian Financial Review

May 17, 2025 · 10:09

Death is nigh

Yup, a bit gloomy and perhaps a little too doom speaking, but the news is there and I for one saw this coming a mile away. I mentioned this in the article ‘Utter insanity’ on October 4th 2020 (https://lawlordtobe.com/2021/10/04/utter-insanity/, aka World Animal Day), I mentioned in there the few articles where I also made mention of the US debt, one as early as 2020. So why now?

Well, Reuters (at https://www.reuters.com/markets/us/moodys-downgrades-us-aa1-rating-2025-05-16/) gives us that the credit rating of America has been downgraded. It went from AAA to AA1, this might not be a big thing, but it is, especially in current conditions. You see, Moody also gives us “Moody’s cites rising debt and interest costs” and with that one line the die is cast. Even if it is merely a rise of 0.1%, the implied setting of $36 trillion ($36,000,000,000,000) gives us an additional interest of $36,000,000,000 or $36 billion and the Americans cannot keep their budget as is. So how much larger will this debt become? You can all say that Saudi Arabia is now investing, the AI is coming. But the investment over years will not even pay for the interest increase and at present the top 10 least risky investments hold 10 countries and none of them is America. Makes you think doesn’t it? Then there is the second stage, the stage where some players might think that holding US Bonds might be a tat too risky for them and banker being the cowards that they are learned from the 2008 credit crises and they will be bailing at the first opportunity, especially as the UAE is a much safer and seemingly more rewarding venture at present. 

So is death really nigh?
That is a fair question and I am hesitant to answer either way because the reliability of the press is nowhere to be found (perhaps in a dozen places). So they cannot give us the goods and I saw this going as far back as 2011, as such we cannot see any press reasonably credible, especially when they quote market wannabe’s. And this is not on President Trump, although his actions did speed up the process. The World Travel & Tourism Council gave us “THE U.S. IS projected to lose $12.5 billion in international travel spending this year, falling to under $169 billion from $181 billion in 2024”then there are the losses in defense projects, the losses from allies regarding Canada and Greenland and that showed me that America is desperate, and it seems now that the hammer falls down on people realising that I have been right for over a decade, but bury your heads in the sand. All these presented ‘wins’ are a cloth covering the larger losses. The AFR gave us yesterday ‘China slams Trump’s new chip ban, reigniting trade tensions’ with “The US Commerce Department issued guidance this week that Huawei’s Ascend AI semiconductors are subject to export controls anywhere in the world on the basis that they were developed using American technology.” What a way to piss off your allies. We see this when we critically look at the statement “For Washington, restricting Beijing’s access to cutting-edge processors is a way to blunt China’s rise in artificial intelligence and military applications.” In the first, Huawei is using its own chips, making it doubtful that it is ‘cutting edge’ and in the second, you just tried to ‘beg’ Saudi Arabia for more money, do you think that they as well as the UAE will take that warning? Huawei already has a decent grip on that region with cutting edge development and Oracle is about to go there too. So is this the best way for the American administration to hedge their bets? Now that their credit rating dropped, I reckon the floodgates are no longer sealed, whatever they let through will cost America close to billions and there are people holding trillions in American debt, as such they are likely to get out while the going is good.

So what if I am wrong?
It is doubtful, but it is a fair question. Look at all the economy that America lost in this year and add the losses of next year too, because as I see it, tourism and all the connected spendings are close to gone until at least 2027. Then in 2029-2031 Saudi Arabia has its 2030 setting with all the new resorts (which was always going to happen) and as such you see, the strangling interest of 36 trillion on American and their dream settings. The fact that Tourism at present is “This significant shortfall represents a 22.5% decline compared to the previous peak” as such their current setting is a lot less than 2019 before COVID, it is that bad and we might not care for the income of Disney, or Warner Brothers but this also impacts all the places around them as people cannot afford it all in these places. These places will share in those losses, as such I reckon that Florida will have a few massively bad years (compared to the present). Do your own researching and never accept anyones word as gospel (not even from me), know that data, know your area and see where the losses can be seen. 

I reckon that Oracle is doing fine and will be doing fine for some time to come, but they too have shed employees in 2024 and 2025. 

As I see it, when the masses get the insight of how bad America is doing, that coffin will basically bury itself. So have a great day and don’t let the recession hit you in the head, it is an expected two weeks away at present and there is the setting we all received there hours ago ‘Why France, Canada, Denmark, Germany, Finland, UK, Netherland, Belgium Issuing Travel Advisories to US, Making a Big Dent in American Tourism Revenue, The One Detail That Changes Everything’ as such the bulk of the EU is turning away from America on tourism, as you can see, I remained optimistic, it seems the news is pushing ahead of the settings we now see and when they catch on regarding bonds and America quality of life going down too, the panic will hit wall street and several other markets

So enjoy this Saturday.

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January 21, 2025 · 02:38

Openings to your fortune

That was the thought I had. Well, it was part of this. You see last week I saw news in the Financial Review (at https://www.afr.com/companies/media-and-marketing/saudi-arabia-nears-deal-to-take-big-stake-in-foxtel-s-new-owner-dazn-20250115-p5l4gr) and people will think “You and how many more?” And that is a fair view. But think of this “When you are competing with an increasing amount of contenders and when that levy comes crashing down, do you care?” When we see the fires in California, can you afford to be coy or emotionally vested in the needs of others? Good business is where you find it, an old expressions that the crime lord Clarence Boddicker (Kurtwood Smith) threw in our faces in the movie Robocop (1987), but what you mis is that there is a lot of truth in that. When you are trying to make ends meet, does it matter how you got into a place? Does it yield more favor with anyone when the front door seems close and there are people waiting in line, is it that important to ‘join’ them when there is an open patio door to the same location? An entrance is an entrance. So as we see “Saudi Arabia’s sovereign wealth fund is in discussions to take a stake of up to 10 per cent in global streaming business DAZN, a deal that would hand the Persian Gulf kingdom an influential voice in Australian broadcaster Foxtel.” With the added “DAZN, which specialises in sports streaming, is controlled by British businessman Len Blavatnik and last month agreed to buy Foxtel from News Corp and Telstra in a deal it said valued the local group at $3.4 billion.” Now I can be certain that Len Blavatnik might not be interested in my script, but he knows people and the small herring you throw in the pool might get the attention of the big fish you want to come to your side, either as a supporting player, or even in opposition. The price? Optionally a lousy payday for the first script. But if that gives a decent guarantee that scripts 2,3, and 4 come with a (hopefully) decent payday. And now as California is a cinderblock, it also stands to reason that the pool of scripts suddenly falls (close to) dry. Bares thinking doesn’t it? Because as you are trying to make up your mind Canadians in movies are seeing their option clear to now harvest whatever can be harvested.

So why this path? 
Well for me there is a clear option, but there is more you see, as Foxtel changes hands to British businessman Len Blavatnik, we see more than a mere change, we also see opportunity. As Saudi Arabia is setting their hands to the sport section of Foxtel, there will be people who will look at whatever is there?

And now more eyes will be hopefully looking at my script ‘How to assassinate a politician’ (aka Essay), which was written for an Islamic population and now we are off to the races. How many Islamic laced scripts has Hollywood ever delivered? And now that Hollywood s partially out of business, we can hold our heads high and allow the opportunity to make a few coins.

Is it a guarantee? 
Of course it’s not, but until this happened there were little options outside of Dubai Media and Al Saudiya for me and now there is another doorway, hence the patio door will have to do for me (at present). The simplest setting that Kurtwood Smith was offering us, becomes a doorway where the optional coins reside for us. We found business by going via the side door and it might not work. Yet I feel certain that hungry revenue people will get to see it and that is exactly the door I needed. I might have to sacrifice one script for little to get the visibility to offer the other scripts for a nice fee. And the fun part is that Saudi Arabia has its media channels, but with Hollywood (partially) out of commission, they too needs their channels to produce and now they are handed another option to look at, will it work? Does it match the quality they need? Those are questions for tomorrow. Today we (or I) at least got my way onto the premises. And that was the direction of business I needed. 

And with the quote “DAZN has been expanded aggressively, not only agreeing to acquire Foxtel – along with its streaming platforms Binge and Kayo – but also paying $US1 billion to broadcast FIFA’s inaugural Club World Cup competition.” This is not my field, but they will need to fill up spaces and that will be done with reduced options and a cheap script will be exactly what they need, especially as they will need to fill time gaps for Al Saudiya. And if you think that the last paragraph was a negative one, you would be wrong. The article gives us “But Brian Han, an analyst at Morningstar, said he was not optimistic about Foxtel’s prospects. In a note to his clients last month, he said the broadcaster was “burdened with expensive sports rights and mired in the ever-competitive streaming space against the global digital behemoths”.” You see, he has a point if you think of the way everything has worked all this time. It might have BEEN about “expensive sports rights” but Saudi Arabia has between now and 2030 a massive caliber of options, and that is all Saudi terrain. Trojena will have its own ski slopes, skating rings and so much more, all Saudi. Then there is Sindalah for the water sports. And I cannot even begin to fill the idea of The Line and all will have thousands of people who need to be entertained. I think that a lot of people haven’t even begun to consider how big the transition to Saudi Arabia will be. As such getting in there first has an enormous amount of options for the eager person seeking transition. And for the ones who missed it, when you get access to one it should open up to both (via Saudi Arabia). And that is before you consider that Bangladesh has 150.36 million muslims. That is 4 times the size of the Saudi population. Do you think that Saudi Arabia isn’t looking to service their shows in Bengali? I saw that option years ago, now it is time to seek if it has options for me as well.

So whilst the rest of the world is seeking to unwind their hatred for President Trump, I’ll be seeking the options I can see for good business.

Have a sunny and wonderful day.

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July 4, 2023 · 02:00

Small victory

This article is a little weird (little being the operative word). You see, I got here via several paths, all walked at nearly the same time. The first started with me going through Skyrim for the 4th time, now on PS5. I bought the anniversary expansion as it was on special and a game that pleased me for over 11 years deserves a small infusion of funds. I am still in the same setting and this time around I found all 7 black books. This is a first in the 4 play-throughs. I got them all on my own and the feeling of pleasure to see a new level was almost overwhelming (I did say almost). This got me to think of a few things running parts in my IP. You see the IP I was creating for non-Microsoft systems had a few issues, but the idea of having a long term game is enticing. As such I created a set of events that makes a replay more entertaining and more addictive for the RPG player. Yet that was as far as I got and my mind was replaying old issues in programming. Like the setting of [SET mission to Class=1 and Gender=2 or Evolution=4] this gives us that not all see a mission and the mission is limited to gender and class in the first or the evolution is set to 4 (it makes sense a lot later and not today). This gives us that some missions are optionally never played. These are side missions. So as we replay a game we see missions that we never saw in the first play-through. Why? Well we can give it all, or give the player a nice ride a few times over and I believe in long term gaming. I have no time for people who play games with the solution page to their left (or right for that matter). These are simple track gamers and there are enough games for these people. 

Sidestep
Now I make a sidestep. This is important for the whole story. This sidestep is what the Australian Financial Review gives subscribers on China. As such we will jump over it. Yet one quote there is “China’s hostility to the west has come at a very substantial economic price” this statement is flawed and faulty. It is the west with its slamming Huawei that is at the center of a lot. All the accusations and the US and EU have NEVER given clear evidence of their accusations. I get the UK stance that no infrastructure should be in foreign hands. That makes sense, but handing it over to the US is no different. We get more on the Russian setting towards Ukraine and I cannot completely disagree, Russia is a losing stage and that will have larger repercussions down the track. I reckon that BRICS (Brazil, Russia, India, China and South Africa) will exploit the setting as long as they can and then optionally dump Russia, they might not have a choice and with Saudi Arabia and the UAE bolstering their group the stage of ‘at a very substantial price’ is shown to be faulty. The collaboration at present between Saudi Arabia and China will bring oil and revenue to China. Saudi Arabia is in the process of ordering military hardware from China which will cost the West billions upon billions and it all goes to China. This is not new, this has been two years in the making and I gave warning of this as early as 2019 I believe. The article has a lot more claims, but they are empty. When I see “are privately more sympathetic to the US and its allies” reads like a joke and a bad one at that. The stage is that the population (read: consumers) is on the side of China via India. The wealth from the Middle East is pouring into China and is giving construction jobs to China for building all over Saudi Arabia with a several of them adding up to almost a trillion dollars. So where is the substantial economic price? At the next stage China has 5G Telecommunications via Huawei all over the Middle East and it is about to border Europe directly. Leaving the Mediterranean open to Saudi telecom hands soon enough. 

As such when I see “So far this year such investments in China are running a little more than $1 billion whereas two years ago it was nearly $50 billion” I tend to howl with laughter. You see, projects like The Line, Neom Bay, Oxagon, Trojena, and Sindalah represent well over $500 billion and China is about to get large chunks of that. Not sure how much, because I am not an insider, but I am certain that it will surpass $150 billion. Then there is the multi billion dollar military contracts and the refinery at the Chinese border, which is worth billions and more in infrastructure. So what economic loss? China is running on all engines and they are seemingly killing it. A world without the US and without the EU and these two players are making it happen. This is the price of arrogance and I have been clear over the last 5 years that this was about to happen, but the ego centrical politicians all stated that they knew better. We are about to learn the impact of stupidity on nearly every level.


As such I have a few issues with the AFR article. It is a good article, but a flawed one. One that boasts American supremacy, the little issue is that they no longer have the field. You see one source gives me “US National Debt Spiked by $851 billion in One Month, to $32.3 Trillion” now, I am not stating that this is true, but if this is true, then the US is already merely in a holding pattern until the next debt ceiling political setting and wth that BRICS (with Saudi Arabia and the UAE) will become a winner and the new global power. At that point China, India and Saudi Arabia will be better off shedding Russia. It has become too big a political and economical danger to them. And it is merely an egg timer away.

Back to the game
This is when my mind took me back to the game and a ‘new’ game. You see all these things were in my brain contemplating when I consider a different approach to the use of active and passive abilities in gaming. It played in my mind when I was remastering a Microprose game with similar settings, but now with a different approach. I call it Agent Gamer. This would be exclusive to Amazon Luna and whomever buys my IP. You see we have all seen passive powers in games like Mass Effect, Diablo 3 and more games. But they all have a similar approach to the use of passive powers. I am uprooting that and taking a different view. A game with active elements and passive elements. But you can spike these passive elements in different ways. In addition to adding several additions to the game, we can also rack certain abilities. It is like colour mingling. 

Consider the wheel. We have three basic colours (Blue, Yellow and Red). When we increase these skills we also influence the adjacent colours. Blue will influence Green and Purple, Yellow will influence Orange and Green and Red will influence Orange and Purple. It is simple setting where you make one 10% more effective (or easier), yet in the same setting increase the effectiveness of the other two by 5%. And this can be done in a multitude of ways, but the game is called ‘Agent Gamer’ and as such I will not reveal too much here. You see, to make Microsoft collapse by 2026 requires me to set the field to make the others more powerful (hence the Amazon Luna). Sony and Nintendo are on track to make their own wins (diminishing Microsoft in the process) Adobe and Apple are on other tracks and Google is no longer a contender in gaming (they have other fields). Overall the arrogance of Microsoft is about to bite them hard. Azure is doing not as good as some sources reveal. We see the Microsoft spin engines turning and we are given ‘We Think Microsoft (NASDAQ:MSFT) Can Manage Its Debt With Ease’ but I think they are in a bad state and it is getting worse. Still I have more than a year to watch them collapse, I merely want the timeline to be as correct as possible and as such if I can help their opposition being stronger and better I will do so. Gaming is only one side of it, but they interfered with my gaming pleasure and according to Zeus (Hades too), I can hold a grudge like nothing they have ever seen and I am happy to prove these two correct. In the end the largest stage could be coming from Saudi Arabia, especially as they are eager to feed their Esport settings and 50 million new members will go a long way towards that goal. Amazon had their chance and now it is up to the other eligible parties, which includes Tencent Technologies. 

Enjoy Monday and for those still overcoming Canada Day last weekend, have a second coffee before you start any work.

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April 11, 2023 · 13:01

It’s a point of view

This happens all the time, we all have a point of view and others have their point of view and they do not completely align. There is no right versus wrong issue, or there could be, but there is every chance that some views are based on three points. Consider a rectangle or a square, they both have points A,B,C and D, but we only see three of them, and with three you can tell whether it is a square or a rectangle, you merely miss one point and base your view on the other three points. It does not matter which point is missing, you get a decent view, but someone who sees A,B and D will draw slightly different conclusions than someone who has B,C and D. Neither is wrong, but they do not complete align because the events that surround these 4 points are different. This is how I see it and as such I took great interest in the Australian Financial Review (at https://www.afr.com/companies/energy/opec-s-gamble-can-the-global-economy-cope-with-higher-oil-prices-20230410-p5cz7f) where we see ‘OPEC’s gamble: can the global economy cope with higher oil prices?’, so whatever you see next, whatever difference I have, I am not dismissing THEIR view. I like their view, I might not completely agree, but they will have another point plotted towards their view. 

And we start with “the risks for the Saudis and the global economy are high if they push it too far. “We have high inflation, economies potentially going into recession, and this is a situation where you need lower oil prices for a short period of time for the economy to recover,” says Adi Imsirovic at the Oxford Institute for Energy Studies (OIES), who once ran oil trading at Russia’s Gazprom.” It is not the first part of the story but it matters. You see, the UK, EU and US are in the metropolitan areas a mobile workforce. Adi Imsirovic can cry for chap oil all he likes, but the setting of ‘lower oil prices’ all you like, but people have been playing that tune for too long and NO ONE is looking at Brent oil on this. You all became a import commodity economy and that comes at a price, especially when you piss off the exporters. In the UK take a look at the laughable CAAT, they were all crying and not to mention Just stop oil group. Now you see the impact of higher oil prices and the players did this to themselves. You cannot push around an ally (Saudi Arabia) and then demand cheap oil, a commodity supplier who can close their own supply valve. 

This also impacts “Abdulaziz also managed to confound those speculators who had bet on falling oil prices after the recent banking crisis sparked new fears about the global economy.” In a stage I warned for for well over two years, the term “confound those speculators who had bet on falling oil prices” is a joke (and a bd one at that). You see, this danger was out there for some time and betting? That is what you do in Las Vegas where the odds are wild and when the US and EU (UK too) decided to make the odds wilder by insulting their proclaimed ally the writing of higher oil prices and less oil was on the wall. And all this was BEFORE China saw its path clear to give the bird to the USA (that gesture with the finger). As such Saudi energy minister Abdulaziz bin Salman did exactly what was required for the good of the Kingdom of Saudi Arabia, it might not reflect on the needs of the cheap oil deliverers, but they could go cry at the fountain of Brent oil but the media does not report on that, Brent Crude (operating on behalf of ExxonMobil and Royal Dutch Shell) might be ‘too big’ for the media. Yet I have not seen anything regarding Darren Woods and Wael Sawan regarding dropping oil prices. Why is that? We see all the fingers towards Saud Arabia, yet Shell beat profit expectations towards $40 billion and ExxonMobile  beat it with $56 billion. And both broke expectations above 150%, as such I have issues with the entire OPEC setting. And when it comes to ‘lower oil prices’ who bet on this on Brent Crude lowering them? I am willing to set whatever I have at present ($0.70) that the amount of gamblers will add up to ZERO. Which makes me $25.2 (not enough for my new apartment). 

So when we get to “Now the question is if OPEC’s surprise cut will raise prices too quickly for the health of a fragile global economy, especially as central bankers continue their quest to tame inflation” no one is looking at the one element EVERYONE is ignoring. Inflation is also tamed buy banks having their donkeys on a row and with Credit Suisse and a few American banks we can say that this is not the case. So when we consider last week revelation by the BBC ‘Swiss probe into UBS takeover of Credit Suisse’ as well as the news only 2 hours ago that there is something brewing with the Viva Energy deal at $1.15 billion, I reckon that inflation issues are a lot larger than merely through oil and it is time that banks are properly looked at, because they are the so called power players in any inflation deal and no one is stopping certain players. Why is that? And when you consider the larger station, no one is acknowledging that commodities are at the power of the supplier and pissing off one of the biggest suppliers whist you shun two others for whatever decent reason (Iran and Russia), you need to reconsider the stupidity of any action against the third player who basically has had enough and now that China sees a larger playing field, they will take that option, especially if they can do it for a few Yuan more. That too is missing from the equation. That gives us a new discussion or consideration. So here is the new setting, it is not whether we were looking at a square or a rectangle, but we were looking at three points of an octagon/polygon. We were seeing the points correctly, but the stage was not properly marked and that makes neither wrong, it makes us both incomplete and consider that I am a mere blogger without a economics degree and the other player is the Australian Financial Review (and many other newspapers), who has the better excuse for not seeing the whole field? Consider that for a moment and consider the people pointing fingers at Saudi Arabia, why are they pointing there and not in other directions as well. In all this I believe that they have the proper reasons, can the same be said for Brent Crude? I will let you decide.

Enjoy the day.

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March 24, 2023 · 22:49

A nice surprise

It started early this morning, the BBC (at https://www.bbc.co.uk/news/business-65057809) gives me ‘Jack Dorsey business target of Hindenburg report’, so someone is finally asking questions of this person? With the byline “Tech billionaire Jack Dorsey is facing scrutiny, after a report accuses the payments company he leads of inflating user numbers and catering to criminals” one part some people noticed that about Twitter, which is why Elon Musk paid well over twice the price and no one in the media was willing to ask questions. I know nothing about the payment company, as such I have no view. The catering to criminals is new, not sure where I stand on it. As such when I see “Block, which former Twitter boss Mr Dorsey co-founded in 2009 and leads as chief executive, said it was exploring legal action against Hindenburg for the “factually inaccurate and misleading report”.” I stopped my response as I did not want to give more ammunition to Jack Dorsey, but the statement ‘factually inaccurate’ requires investigation and data. So as we are given “Now worth more than $30bn (£24.4bn), it was renamed Block in 2021, to reflect another, fast growing side of its business: Cash App, a payments app that was the focus of Hindenburg’s report.” No one seemingly reacts and that is fine, these places happen. Yet the setting is that it grew by well close to 1,000% over the period of less than 8 years. That implies a 125% year on year growth, that is a bit much and the accusation seemingly makes sense. And the criminals (or organised crime) would see the benefit of a cash app. There would be all kinds of benefits for them. This does not make Jack Dorsey guilty, but after the Twitter debacle it makes sense that a deeper look is given to this event. I reckon that I would be able to find a few more items if I had access to all that data, but that is the second stage. Not merely the data, the income streams would be invaluable for a player like China (or Russia for that matter). So as the BBC gives us “While conducting its research, Hindenburg claimed it had easily created obviously fake Cash App accounts in the names of Donald Trump and Elon Musk and made public records requests, which allegedly showed that Cash App was used to facilitate millions in fraudulent pandemic relief payments from the government.” Which leads to “that reflected “key lapses” in compliance processes” and there is one of the elements I warned for for well over two years. The BBC calls (or quotes) key lapses, but I see another fintech app lacking checks, balances and the ability to vet the correctness of information. And the added ““Former employees described how Cash App suppressed internal concerns and ignored user pleas for help as criminal activity and fraud ran rampant on its platform,” Hindenburg said. “This appeared to be an effort to grow Cash App’s user base by strategically disregarding Anti Money Laundering (AML) rules”” merely gives rise to my thoughts. And the world seems to be stagnant to act to any FinTech when needed. Yes, we see it at the BBC now, but how many more will look into this? How many media will give Jack Dorsey another free pass? I cannot tell at present, but over the last 11 hours the media did not go nuts over this, yet jokes like the ICIJ with their Pandora papers, their Pickwick papers and their cups of tea are seemingly in the dark on too much of this. So whilst some will wonder why Charles Dickens comes into play. Consider “A great hokey-cokey of eccentrics, conmen, phony politicians, amorous widows and wily, witty servants, somehow catching an essence of what it is to be English, celebrating companionship, generosity, good nature, in the figure of Samuel Pickwick, Esq, one of the great embodiments in literature of benevolence.” Now consider that view whilst I edit that part into “A view of FinTech solutions, conmen, phony media, and, silly exploiters, somehow catching an essence of what it is to be a wannabe, celebrating greed, need, and exploiters, in the figure of an unknown person at present, one of the worst instigations of hardship creators” it took less than a minute to get to that part of the equation and the crumbles of the media pie were all over the table for well over a year. So it is good to see the BBC make mention of this, but I wonder who will follow and will there be a real investigation? And I have to make one alteration, the Australian Financial Review got there about an hour ago, so they were on the ball. Yet who else was? Not that many for sure. 

This situation is still fluidic and I will take more looks, because I think I owe people like Elon Musk to take a larger look into this person, merely for the reason that the media refused to do so and that ain’t right. So will Jack Dorsey join the flock containing people like Elisabeth Holmes and Sam Bankman-Fried? I do not know, that is for a court to decide, at present it is an accusation. But in this the BBC has for the most been a righteous party, so for now they are getting the benefit of the doubt and the fact that the AFR is supporting that view is not a bad thing either. Perhaps the twist and dance of Jack Dorsey is in its last stage Time will tell. 

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March 16, 2023 · 18:07

Oh boy, there was more

It all started 4 days ago when I wrote ‘I honestly don’t get it’. I comprehended the stage just fine, it is the lack of comprehension of greed, what people will do to fill their own pockets at the expense of everything and everyone. You see Basel III was published in 2010 after the first meltdown, it was extended to 2015 with extensions going as far as January 2023. So 13 years and the whining bitches (aka banks) still will not learn. SVB is merely one example and the actions by congress made perfect sense. Now we have Credit Suisse and the setting changes.

It now needs (and apparently just received) 45 billion to be ‘secured’. This is a little more than the national budget of Qatar which is 53rd on a list of national budgets with 228 nations with on last place Wallis and Futuna. To give you a better picture, it is twice the amount Oman has for its citizens, they are in 68th position. They need THAT MUCH money. The issue is that big and do not talk to me about journalists or those clowns at the ICIJ. They are all about their Pandora papers and what a joke they are. 

You see, I stated in the first article the Common Equity Tier 1 (CET1) and now we see the BBC give us (at https://www.bbc.co.uk/news/business-64964881) giving us “After Credit Suisse shares plunged on Wednesday, a major investor – the Saudi National Bank – said it would not inject further funds into the Swiss lender”, it matters and I will get back to this. In the mean time The Guardian gives us “The bank had been forced to delay the publication of its annual report last week after a last-minute call from the US Securities and Exchange Commission relating to what Credit Suisse described as the “technical assessment” of revisions to cashflow statements going back to 2019. The bank said those discussions had now been concluded” I believe it is more, I personally believe that was why Yellen got involved in day one. I think the SVB and others have too many bonds and they are not ready to mature yet and with interest up these things are making banks bleed money and they are bleeding a lot. You see, there is an estimated total of TWENTY THREE THOUSAND BILLION DOLLARS in US government bonds floating around and I reckon the SVB and Credit Suisse are now in levels of pain, they had too many of those. As such the outstanding part, not merely these two represent $23,000,000,000,000 and no one can cover it they are all stretched beyond thin. This is what I expect is happening and I warned for this as early as 2016, there is a point of no return and the banks are way past that. Putting your IP in the USA is about to become one of the most expensive jokes tech firms have faced in well over half a century.

Could I be wrong?
Yes, that is the case, but that can be tested quite easily. You see, if you make a tally of where all these US government bonds were and you set that tally in a mineable solution especially with pre 2016 and past 2016 when Dodd-Frank got cancelled you will learn a few things and this is what I saw on day one, but weirdly enough the media is not going there (neither is the ICIJ), so you get to wonder why.

Oil in the family
now we get back to the Saudi National Bank. In this I agree with Saudi Energy Minister Prince Abdulaziz bin Salman. Oil is a commodity, there is no cap, if you need oil more and more, you are working from the wrong business plan and if that relies on exceeding your budget by over 30 trillion dollars you get what’s coming to you. In addition I would add the Republican Party making small talk stating that they need to pull away from Ukraine, I lose the little sympathy I had left for them. The US has slammed Saudi Arabia again and again, in some cases with the assistance of a United Nations essay writer. There is only so much people will take. They had the option to help Saudi Arabia create a nations defence strategy, they bailed out and now China is there. They made fake promises and most were not kept and now we see banks asking Saudi Arabia (in Oliver Twist style) can we have some more please? 

As such we see event after event and now that things are on the rails, the train has speed and they just ran out of rails. This is early and before I expected it, but I never considered the impact of Russia being stupid and attacking the Ukraine, it merely escalated things. 

America has two options, does it become part of China or part of Russia. It seems that the Republicans want to be part of Russia, the rest I do not know, but we are now in the process of the final financial act. And my evidence? Investigate the CET1 setting of EVERY bank (especially the two in trouble) and then look at where the bonds are and how many of these bonds are/were with the SVB and Credit Suisse. I have no doubt they both have too many. Then consider Basel III and see how many banks hold up at that point. They were warned for 13 years, so let them rot, let them collapse and let the investors and share holders take the fall and live life in minimum wage. 

And in all this, too many of the media are all about flaming and not doing too much about it, merely pushing towards bailouts. That time has gone as I personally see it. 

All whilst the Australian Financial Review gives us a mere 45 minutes ago “The failure of Silicon Valley Bank has exposed fresh divisions on Capitol Hill over banking reform, as US lawmakers from both parties trade blame for the lenders’ collapse and squabble over future legislation to shore up the financial system” squabble on something that was shown 13 years ago. Still think I am wrong? 

Enjoy the money you have, there might be a lot less soon enough.

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November 12, 2022 · 17:56

The other foot

A thought occurred, it happened earlier today, but my mind was not with the program that runs within me. You see we have a foot we prefer, almost like left handed and right handed, but the foot is less obvious, it is merely in the back of our minds, perhaps it is linked to instinct, perhaps it is less than that, but the setting exists. Yet what happens after? You see we are so of the mind that we walk we do that, and sometimes we run. Then we meet with people who tells us not to run, but to walk. Some have an actual concern. It can be safety, or merely the chance of danger. The other group gives us that setting do that we can be caught up to, we do not run faster than they do, it worries them. 

Yet there is another place. Where we rely on asymmetric gait, it is skipping. The interesting part is that skipping, even for 1-2 minutes a day strengthens you and increases your accuracy. Yet be honest. When was the last time you did that exercise? When do you no longer need to rely on increased strength and accuracy? You thought of that as a child’s game, did you not? 

The other foot is there too. What happens when you start concentrating on moving the other foot first? It is a simple question, did you ask yourself that? What happens when people state that there is no need, you are good as you walk and for a while you suddenly get compliments. Did you consider that someone does NOT want you to increase your mobility? In the 90’s my bosses did something similar. Convince me to NOT learn Oracle. It did not sit well with their exploitation of me, yet I did not learn that lesson until much later, too late actually. Yet in my twilight I have merely a few goals. Sell my IP and get a really nice stake in my retirement. And in good faith those who wronged me will never be allowed near my IP (Microsoft is not invited either). 

Yet the stage is not my IP, this stage is about you. When were you given a real option in the last two years? You see bosses are now no longer in charge (sort of). It is an employee setting and for the most they cannot get a good employee at present. EVERYONE is short of staff. As such this is the time to slam your fist on the table and set precise goals that they have to adhere to, although if you do that, you better deliver on their needs too. 

The AFR (at https://www.afr.com/policy/economy/why-we-don-t-have-enough-workers-to-fill-jobs-in-4-graphs-20220621-p5avcc) gives us in a first graph that the shortage increased by 30% in the last 2 years alone and it is not merely the ageing group. Bosses have short sold their staff for over a decade and now the invoice is due. In the blue collar stage it fluctuates between 20% and a whopping 74%. As such businesses on a global scale have a problem. Fortunately for them they have some options in other fields. Instead of relying on ‘Fake it until you make it’ they need to rely on ‘learn it until you lead it’ and there could be options all over the Commonwealth, Europe and even the US. Places like Oracle can start hiring trainees and after their first courses are passed they can be placed at their customers. Rotating every 6 month until someone ‘Shanghai’ them to become permanent employees. And this is not merely Oracle. There is Oracle, IBM, Alibaba Cloud, Amazon Web Services, end a few others.

The HR departments on a global scale need to alter their Modus Operandi it no longer works the way they think it does. The old days are over and you either adjust or you restrict your business. Of course players like Oracle need an alternative workforce, but there Universities and experienced oldies might be two streams of getting the workforce enabled. In addition they have the ability to enhance cyber knowledge all over the field making their people more enticing than the other ones. There the AFR had another view (at https://www.afr.com/technology/skills-shortage-a-handbrake-for-technology-companies-20220503-p5ai8r) and here we see ‘Skills shortage a ‘handbrake’ for technology companies’ which is merely the top-line. It is “The Australian Information Industry Association’s annual member survey found 75 per cent of technology companies are expecting their revenue to grow by at least 5 per cent this year but are concerned skills shortages will be a barrier to expanding their business.” And that is merely Australia. The commonwealth (especially UK and Canada) have growing issues and the US is in deep trouble and with their approach to everything it is now becoming the least interesting place to work. Plenty of California places (as well as the large players) have an option to syphon services via Canada, which is not a great solution, but better than nothing. In addition we see “AIIA chief executive Ron Gauci says his members are looking offshore to find specialist tech talent” and there we see the first problem, they rely on HR systems that did not evolve, that did not adjust and I see the same BS emails in my inbox to prove it, all half baked ‘invitations’ to come to Malta, they even pay the first month rent. Moving to a place where ‘others’ call the shots? You have got to be joking. When you are young and in the workplace we had 7 years ago, some people might give that a try. In todays setting it does not hold water and that is also a problem in Australia, the people who fell for that approach the last 6-10 years ago now have different stories and their friends are giving it a miss. But some places have options. They merely have to wake up and look at the equation from the other side to see that opportunities and options are there, merely for those willing to throw the gears in another speed setting and start with the other foot, it is seemingly that simple.

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March 18, 2022 · 21:22

Don’t we have enough problems?

This started this morning. It started when three messages passed by my Chromebook. The first was (at https://www.aljazeera.com/news/2022/3/16/un-aid-drive-to-avert-yemen-catastrophe-falls-far-short) called ‘UN aid drive to avert Yemen catastrophe falls far short’, so in short, the UN cannot get it done, big surprise here (not really). The second one was from a different corner. The second one was Arab News (at https://www.arabnews.com/node/2044566/saudi-arabia) which gives us ‘Saudi Arabia pumps $19bn into Yemeni aid program: KS relief chief’, so if I see this correctly, the UN was unable to get it done raising only $1.3bn at Wednesday’s conference in Geneva, a little short of the $4.24bn they had hoped to get, a mere 30%, so we see the failure of one, all whilst the Kingdom of Saudi Arabia is pumping $19,000,000,000 into that place. And of course it comes with “He added that Saudi Arabia would continue to support Yemen through relief and humanitarian programs in coordination with international and local partners.” Yet the other side, the UN did not really give any notice of the efforts of Saudi Arabia does it, even as Arab News gives us “The event was also attended by UN Secretary-General Antonio Guterres, President of the Swiss Confederation Ignazio Cassis, Swedish Minister of Foreign Affairs Anne Lindy, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths, and Saudi Arabia’s Ambassador to the UN in Geneva Dr. Abdulaziz Al-Wasel”, I saw no mention in the end in western papers. I did however find something else. 

The Sydney Morning Herald gives us (at https://www.smh.com.au/culture/celebrity/ex-bachelorette-georgia-love-slammed-for-instagram-posts-promoting-saudi-arabia-20220317-p5a5lf.html) the stage of ‘Ex-Bachelorette Georgia Love slammed for Instagram posts promoting Saudi Arabia’ and there we see “Georgia Love and Lee Elliott, who found romance in 2016 on the second season of Network 10’s The Bachelorette, have sparked controversy after the pair posted Instagram photos of themselves promoting tourism in Saudi Arabia.” The article by Robert Moran calls for more, hiding behind commenters whilst the SMH has not informed us on more than one occasion that Houthi terrorists were attacking civilian targets. The SMH also did not inform the people on the $19,000,000,000 event from the Kingdom of Saudi Arabia all whilst the UN could not get 25% done, they raised less than 10% of what Saudi Arabia contributed. If we are all bout fair and balanced, we need to start being fair and balanced. Iran executed 280 people in 2021, so where is THAT Sydney Morning Herald article? 

Is Saudi Arabia a perfect nation, no it is not. Neither is Australia, a nation who refuses to do anything about ageism. Two people promoted tourism in a nation we are not at war with, two people are doing something to open doors that others cannot be bothered knocking on. 

I think that the SMH dropped a few too many issues to be knocking on some door regarding promoting a nation. Oh, and before I forget it should I get that notion in similar ways, I would offer the 5G IP I have to the Kingdom of Saudi Arabia long before I would EVER offer it to Australia! Although, I would try to sell them some other IP first, including a story on how to assassinate a politician.

See how long it takes people to consider that Telstra is an increasing problem, not some solution. We see mere greed driven responses, instead of catering to the larger setting of the people. The AFR (Australian Financial review) gave us two weeks ago “A major upgrade of NBN services in country Australia will be part of a multibillion-dollar regional infrastructure package to be included in Treasurer Josh Frydenberg’s pre-election budget.” And you think this is god for the people. No, it was because ‘Major NBN upgrade planned to fight off Musk’s Starlink’, so why is Elon Musk with his Starlink a negative thing? Is it because it is bad, or because it is bad for players like Telstra and their ‘friends’? If I look at all the issues we face, I think we have more than enough problems. And the anti-Saudi rhetoric whilst WE never did anything in that region when it mattered is just insane, but we are their for Ukraine, it is politically convenient. I reckon the Syrians and the Yemeni’s will have to live with that decision. 

So whilst news dot com dot au “Georgia Love and partner Lee Elliot have deleted their Instagram posts promoting Saudi Arabia but they can’t hide from those tagging them”, it is just another another set of bullies who do not know what they are talking about, because certain media prefers not to inform them. And in the end, do I care? Nope, I never seen of followed Georgia Love. I personally think that the Bachelorette and like minded programs are a waste of my time. But I do care about bullies and that should be on the front of the line. So how much reporting did Robert Moran do on Iranian culture? Their humanitarian efforts? You see it is more likely not his cup of soup and the fact that a person like Georgia Love made the papers (or internet) means that he had nowhere else to look regarding culture. So whilst ABC gave us ‘Women are isolated in sports media, we need more allies for real and lasting change’ three hours ago, the Sydney Morning Herald was all about bully tactics, that is how I personally see it and it is sad that some resort to that, but on the plus side, I can at least make the claim that I tried to better the world by melting down an Iranian nuclear reactor, how is that for cancel culture? In all the issues we face Georgia Love should have been a blip on the radar at present, I personally reckon certain people got upset with the effort and the SMH obliged. That is my take on the matter, but then I could be wrong. You make up your own mind on where I stood, right or wrong?

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February 26, 2022 · 23:19

I had to take this one

I was alerted to an article in the BBC, the article was about 10 hours old and gives us (at https://www.bbc.co.uk/news/world-us-canada-60499391) in the headline, but only once and it does not replicate.

You see the setting of ‘Putin saw America has become weak under Biden’ is wrong, it did not become weak, it was weak and has been for some time. Getting a bully to talk loud does not make America less weak. The American inactions regarding: 

  • Chemical attack Homs Syria 2012
  • Chemical Attack Douma Syria 2018
  • Houthi terrorist attacks Yemen 2014-2022
  • Ukraine under Russian attack 2022

As you can see, Americans are all talk and lack actions. It is not because they do not want to act, it is because they can no longer act. A debt surpassing $30,000,000,000,000 is making sure that this cannot happen, the US has become nothing more than a paper tiger. And let’s be clear, this is not merely the US, the EU is in a similar state. How I went to school and heard these preaches and stories, that if there was ever a chemical attack, the nations would unite against the attackers. In 2012 we saw the reality of what was preached for decades, they merely united and scolded the transgressor making very sure that words like ‘seemingly’ and ‘alleged’ were everywhere in that text. We saw a repetition, with the western media not reporting on Iranian involvement and remaining silent on Houthi attacks on civilian targets, the United Nations added to this by calling out one party and not the other one (Iran). The complete view on the uselessness of western politics set in action.

So when we get ‘told’ the simplicity of “America has become weak under Biden”, it did not, it was weak and will become weaker still. It is the order of things when your credit card is telling you to stay at home whilst the neighbours house is on fire and you cannot afford to buy a bucket. You do not want to let the neighbour know that you cannot afford a bucket, so you set in motion talks, but the neighbour does not want to talk, HIS HOUSE IS ON FIRE! 

/so when Al Jazeera reports ‘New sanctions come as Yemeni rebels ramped up attacks against Saudi Arabia and the UAE in recent weeks’ (at https://www.aljazeera.com/news/2022/2/23/us-issues-new-sanctions-on-alleged-houthi-financing-network) 3 days ago, my response is that the US gets a functional navy that can stop smugglers, so far I have seen less than 3 successes over a time of 6 years (at least) and we see how the US Navy seemingly cannot stop anything. That is not their fault (I think) and there could be half a doze reasons, but let’s be clear, the western media to a much larger degree is silencing that part all over the place. And we can shelter on the setting that no one cares about Syria and Yemen, but the Ukraine is too close to home (for the EU) and now we get to see the blame game, we get to see the opposite side, just like the US and EU were silencing any issue on Iran, we now see ‘China refuses to call Russia’s move on Ukraine an invasion’ (source: Australian Financial Review). So how does that feel? The blunt question is ‘Why would China care about Ukraine?’, Why would China push for a setting that it does not need to do? I do not think it is right, I merely think it is as it is. 

We need to accept that inaction comes with consequences and a consequence now is that Russia wants EU expansionism stopped and Russia took the step it felt it could take and that sucks for the Ukraine, but the inactions of the EU and the US (economic sanctions are not real actions), and I am proven right in another BBC article where we saw yesterday “Ukraine isn’t in America’s neighbourhood. It is not located on the US border. Nor does it host a US military base. It does not have strategic oil reserves, and it’s not a major trade partner”, it was the sad truth for Syria, for Yemen and now for the Ukraine. It is what the US calls policy and that is their take on it, it doesn’t make any president weak, but as I see it, when you need to set a filter to that degree, it also implies that you are no longer a superpower, especially if you cater to Iran who allegedly is now (or will be soon) enriching Uranium to 20%, so when this escalates in the state of Israel and the Kingdom of Saudi Arabia, will it still a stage of inaction? I reckon so, the debt will remain for decades giving China and Russia an almost uncensored way to change the political map all over the Far East and the Middle East. Now there will be people who do not agree, and that is fair. I would merely like to point out that the past has proven me right and the present is merely continuing the stage that I am still not wrong. 

Europe is in danger of a lot more than you think and it seems that in this case the US is not playing the game to the harder degree, they seemingly no longer can.

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July 13, 2021 · 21:20

The Lawyer wins, the law loses

Yes, it is a stage that we will be seeing soon enough. As the lawyer wins, the law loses and tht is just the beginning. As we see ‘Apple loses appeal in Fortnite court battle’ (source: Australian Financial Review) there is a secondary stage that comes up. It is not immediately clear, but someone gave the reader by Jeff Dotzler in GC Consulting in 2019 ‘Will You Get Sued if Your Business is Hacked?’ There we see “Even though the company was able to restore the records, one of the affected clients, Surfside Non-Surgical Orthopedics in Boynton Beach, sued Allscripts in federal court. Surfside accused Allscripts of not doing enough to prevent the attack or lessen its impact and sued on behalf of all affected clients for “significant business interruption and disruption and lost revenues.”” Now consider that ‘significant business interruption’ can be replaced with ‘game score disruption’, a stage I saw coming a mile away. Epic Games did not  consider the stupidity of their actions and now, should they win they will soon face several, if not well over a dozen class cases. They cannot make some ‘we are not responsible draft’, the moment ANYONE at Google or Apple squeals the setting of the hack and it comes with the accompanied ‘We could have prevented that’ Epic Games is lost, it will cost them billions in settlements and lawyer costs. If you doubt that, consider ‘SolarWinds says unknown hackers exploited newly discovered software flaw’ (at https://www.reuters.com/technology/solarwinds-says-unknown-hackers-exploited-newly-discovered-software-flaw-2021-07-12/), so they just got out of one mess only to land in a new one and these people have a decently simple system, Epic Games will have to spend on protection that is several levels higher and I feel decently certain that it is not enough. The moment any profile is transgressed on whilst there was a purchase, that is the game, loss Epic Games and loose they will, a lot. 

Even as we are told “SolarWinds said the flaw was “completely unrelated” to last year’s hack of government networks”, it will not matter, another flaw is found and there is every chance that more than one will still be found. In this Forbes gives us ‘Why SolarWinds Is The Wakeup Call No One Heard’, it comes with “everyone talks a good game, but the very structure of American (and other businesses around the globe) makes it nearly impossible to, for example, deliberately and significantly reduce EBITDA to prepare for cyber warfare” and when you consider that EBITDA is Earnings Before Interest, Taxes, Depreciation, and Amortisation. You see the problem, it is not all, it is earnings before interest and depreciation that bites, earnings before interest is all earnings with cost diminishing this and too many corporate players tend to cut cost. In some cases they have no choice in the cloud a lot does not matter but it is transgressed on (according to some numbers) for almost 90%. And when you add that Amortisation is merely anther view of  depreciation the path is clear. Steve Andriole also gives us “The number of severity of cyberattacks will explode in 2020.  Cyberwarfare has now levelled the playing field in industry, in government, and in national defence:  why spend ten or fifteen billion dollars on an aircraft carrier when you can disable it digitally?” You think that this is about defence? Do you have any idea what 50 million whining gamers can do? EVERY ransomware player will target Epic Games and with an open Android and iOS setting they will succeed. I saw this when this all started in 2020 within 5 minutes, the short sightedness will hit Epic Games and others in a few ways. Think I am BS’ing you?  Consider that several sources gave you a month ago “Hackers Stole 780GB Data Including FIFA 21 Source Code in EA Hack” and EA has been in this game a lot longer than Epic Games has been. That is not evidence, but it is a setting that we need to consider and when Epic Games loses that data the class actions start, and it is not something that they can keep quiet (apart from that being a crime), the people will talk and the parties involved, including government parties will find a nice letter making claim to financial losses. The law source (see above) also gives us a link to the Ohio Data Protection Act. There we see “Under the law, damages cannot be imposed if a state court finds your company had a reasonable cybersecurity plan when a breach occurred and followed it to the best of your ability. Or, as the legislation puts it, the law is “an incentive to encourage businesses to achieve a higher level of cybersecurity through voluntary action.”” In this I offer ‘reasonable cybersecurity plan’, was it followed through? Was there a backup if it fails, was there consideration for cross platform transgressions? In this last part I offer to the older programmers 

IF(clipper)
   …
ELSE
   …
ENDIF

Those who know will nod and consider what else Epic Games and others have forgotten, what happens when someone exploits a Sony flaw over the entire system, and at that point these companies have little to no protection. 

Which gets us to ‘when a breach occurred and followed it to the best of your ability’, but the suing side will argue that the breach could have been prevented on day zero, or even day -1, which will be their way of saying that they opened the system when they were not ready and that is another billion in class actions right there, and I agree with the stage that there will be enough cases that have no bering (just like the loot box cases in the media), yet Epic Games will have to hand to their lawyers to investigate them all, the hours alone will rake up millions and that is merely year one. The lawyer wins his bread and butter for a year (at the very least) and the law is up the creek without a clause. The law was never ready for this, so the going will be good towards the coffers of Epic Games, a looting box that requires time, not money. 

So when we go back to Forbes and consider “When I took the results to the CFO (to which technology weirdly reported), his only question was, “what’s all this going to cost me?,” which of course was the wrong question.” We see there setting, but I wonder who gave that same question to the Chief Legal Officer (CLO) with the question ‘What will this cost the firm?’, a question that he can decently predict when he considers 1-5 class actions and that result has to be scary and any consideration of future profit goes straight out of the window, not merely the legal costs, marketing will have to offer a whole range of products and services to stem the tide of people leaving for the next safer harbour, the most dangerous of all settings, and that is merely the beginning of year one as Android and iOS stores open. Forbes also gives a reference to Andy Greenberg (Wired Magazine, 2019) said about why governments have been unwilling to deal with cyberthreats: “More fundamentally, governments haven’t been willing to sign on to cyberwar limitation agreements because they don’t want to limit their own freedom to launch cyberattacks at their enemies.  America may be vulnerable to crippling cyberattacks carried out by its foes, but US leaders are still hesitant to hamstring America’s own NSA and Cyber Command, who are likely the most talented and well-resourced hackers in the world.” And this is not a government setting, Epic Games will be hit be greed driven and vengeance driven hackers as well as organised crime, a %5 billion company? With the state of cybercrime convictions? They are definitely on board. A stage Epic Games could have prevented from the start, but someone saw 30% of $5,000,000,000 and did the math, but whoever did the math was not ready for the tidal wave they would be inviting through that choice. In this, Forbes had one more gem, it comes from Nicole Penroth and ‘The hubris of American exceptionalism’, when we see “More hacking, more offence, not better defence, was our answer to an increasingly virtual world order, even as we made ourselves more vulnerable, hooking up water treatment facilities, railways, thermostats and insulin pumps to the web, at a rate of 127 new devices per second”, now consider that Fortnite is on Windows, MacOS, Switch, Sony, Microsoft, iOS and Android, they drew more than 125 million players in less than a year, do you think that there will be no flaws? And how many devices a second will that add to the equation? Do you have any clue what level of protection is required, even as Sony, Solarwinds, Nintendo and Microsoft have all been hacked even though they had nowhere near that level of complexity required. This was a dangerous situation from the start and gamers will soon have to seriously consider to remove any program that has an ‘open’ store, the cost will be too high for a lot of them. 

And that is not all, as Nicole spoke about ‘an increasingly virtual world’ the danger that open stores will mean that you either have a dedicated computer, or healthcare and safety products will not be considered to be insured in your house, when that happens we get a whole new level of nightmare, I can only imagine that setting, but I am clueless as to the impact, we cannot oversee that, not with an evolving IoT and 5G evolving before our very eyes.

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